M&A Deal Summary |
|
|---|---|
| Date | 2018-12-03 |
| Target | Caribbean Financial Group |
| Sector | Financial Services |
| Buyer(s) | BayBoston Managers |
| Sellers(s) | Irving Place Capital |
| Deal Type | Secondary Buyout |
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BayBoston Managers is a minority-owned private equity firm focused on providing capital and strategic advice to community banks and financial services companies. The Firm looks to invest $3 to $20 million per investment and will consider opportunities across the US. BayBoston Managers was formed in 2013 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Financial Services) | 3 of 3 |
| Type (Secondary Buyout) | 1 of 1 |
| Country (Puerto Rico) | 1 of 1 |
| Year (2018) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-10-07 |
Radius Bancorp
Boston, Massachusetts, United States Radius Bank is a community bank offering a full complement of convenient, leading-edge personal and business products and services. The Bank serves consumers, small and middle-market businesses, unions, government entities, and non-profit organizations as its core clients. Radius Bancorp is based in Boston, Massachusetts. |
Buy | $63M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-06 |
Professional Bank
Coral Gables, Florida, United States Professional Bank is a financial holding company designed for the business challenges faced by professionals and entrepreneurs, and its bankers are business-savvy and bring originality to problem-solving all with high-touch personal service. The company's lending products comprise commercial loans, residential mortgage loans, home equity lines of credit, installment loans, and consumer lines of credit. Professional Bank was founded in 2008 and is based in Coral Gables, Florida. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 4.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Irving Place Capital (formerly Bear Stearns Merchant Banking) is an independent private equity firm focused on making investments in middle-market companies located in North America and Western Europe. Irving primarily looks for opportunities in the retail, financial services, consumer products and packaging sectors, but will also consider investments in other traditional and service based businesses such as restaurants, transportation/logistics, healthcare, energy, and industrial products/services. The Firm's target investment size is $50 to $250 million of equity capital and EBITDA in excess of $7 million. Prospective transaction situations include traditional management buyouts, growth capital financings, divestitures, consolidations, and recapitalizations. Irving Place is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 33 of 39 |
| Sector (Financial Services) | 4 of 4 |
| Type (Secondary Buyout) | 9 of 12 |
| Country (Puerto Rico) | 2 of 2 |
| Year (2018) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-15 |
Coker Tire
Chattanooga, Tennessee, United States Coker Tire is a provider of collector vehicle enthusiasts with tires and wheels for many applications. With such brands as Firestone, Michelin, U.S. Royal, and BFGoodrich, the product line at Coker Tire is filled with high-quality bias ply and radial tires. Coker Tire was founded in 1958 and is based in Chattanooga, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-12-04 |
Coker Group
Alpharetta, Georgia, United States Coker Group is a provider of Coker Tire, Wheel Vintiques, Universal Vintage Tire, Phoenix Race Tires, Specialty Wheel, and Roadster Wire Wheel brands. Coker Group was founded in 1987 and is based in Alpharetta, Georgia. |
Buy | - |
